EMX Royalty (NYSEAMERICAN:EMX) Price Target Raised to $6.75

EMX Royalty (NYSEAMERICAN:EMX) had its target price lifted by HC Wainwright from $6.50 to $6.75 in a research note released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for EMX Royalty’s FY2024 earnings at ($0.05) EPS and FY2025 earnings at $0.00 EPS.

Separately, National Bank Financial started coverage on EMX Royalty in a report on Tuesday. They set an “outperform” rating on the stock.

EMX Royalty Stock Down 1.8 %

Shares of NYSEAMERICAN EMX opened at $1.93 on Wednesday. The firm has a market cap of $217.91 million, a P/E ratio of -64.17 and a beta of 0.84. EMX Royalty has a twelve month low of $1.41 and a twelve month high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.04) earnings per share for the quarter. EMX Royalty had a negative return on equity of 2.05% and a negative net margin of 7.44%. The business had revenue of $6.01 million during the quarter. On average, research analysts predict that EMX Royalty will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On EMX Royalty

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC increased its position in shares of EMX Royalty by 509.6% during the first quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock worth $199,000 after acquiring an additional 96,508 shares in the last quarter. Kings Path Partners LLC bought a new stake in EMX Royalty during the 2nd quarter worth approximately $33,000. Marshall Wace LLP bought a new stake in EMX Royalty during the 2nd quarter worth approximately $33,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of EMX Royalty by 817.6% in the first quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock valued at $27,000 after purchasing an additional 13,900 shares in the last quarter. Institutional investors own 21.54% of the company’s stock.

About EMX Royalty

EMX Royalty Corporation, together with its subsidiaries, explores for and generates royalties from metals and minerals properties. It explores gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum, and iron deposits, as well as battery, precious, and base metals.